Capital assets and supplies with an aggregate value of Three Thousand Dollars ($3,000.00) or more and determined to be surplus under the criteria set forth in this Chapter shall be disposed of by any of the following methods:
(1) Interdepartmental transfer. Transfers between departments/divisions within the same budgetary fund may be made without regard to monetary value exchange. The book value of the asset at the time of transfer will be shifted to the receiving department/division on the fixed asset schedules. Transfers between departments/divisions within different budgetary funds must exchange a monetary value for the asset in addition to transferring the fixed asset record to the receiving department. The basis for the monetary exchange shall be the book value or ten percent (10%) of the original cost, whichever is greater.
(2) Trade-in. Surplus capital assets may be traded for other property or equipment being purchased.
(3) Sealed bid; Public auction. Any sale of surplus capital assets may be by sealed bid or public auction, except as otherwise provided herein, in accordance with Section 2.53.040 of this Chapter. Notice of the sale or auction shall be given by publication in a newspaper of general circulation in the City at least five (5) days prior to the opening of bids or the date of the auction.
(4) On-line sales. The City may use a public auction internet site for the sale of surplus property. The site used shall be published on the City's website or have a link from the City's website. Property placed for sale on-line shall remain up for auction for a minimum of fourteen (14) days.
(5) Salvage, discard, or destruction. Capital assets shall not be salvaged, discarded, or destroyed without the express authorization of the City Council.
(6) Replacement. Capital assets approved for replacement in the annual budget by the City Council may be disposed by any of the means set forth in this Chapter without further action of the City Council. Department directors, with approval of the City Manager, may trade the item for the replacement item without further application of this Chapter. All other disposal means must comply with the provisions herein.
(7) Irrevocable transfer. Capital assets may be disposed by contributing, donating, or making a gift of the property to another governmental unit, civic, or nonprofit organization in accordance with Section 2.53.060 of this Chapter.
Ord. No.97-35, Recodified, 6/19/1997
Ord. No. 02-30, Amended, 6/20/0200
Ord. No. 02-30, Amended, 6/20/2002
Ord. No. 12-35, Amended, 12/20/2012